“Let me be represented as one who trusts his senses, who thinks he knows the things he sees and feels, and entertains no doubts of their existence.” -- Bishop Berkeley

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Sunday, July 27, 2008

Mises University 2008

It's an all-star cast this year, folks, featuring such giants of Rothbardian thought as Hans Hoppe, Joe Salerno, and Guido Hulsmann. There are also big tent wussies like Roderick Long, Roger Garrison, and yours truly.

Seriously, this is the most heavily attended Mises U yet; I think they said there are 190+ students here. And even though I'm getting over a cold, I hope on Monday night to initiate the first annual Mises University Karaoke Outing at the bar down the street.

Who will win the coveted $2,500 Doug French scholarship at the end of the week? I expect that my former student* Gennady Stolyarov II will at least place.

*Mises U faculty don't judge their former students. I.e. we make sure that students who opt for the competition get evaluated (at least in the early rounds when it is possible) by other professors who don't know them. This is serious stuff here. You don't administer the Mündliche Prüfung casually. (And yes I just copied and pasted that. I tried to say it once but it brought up too much phlegm.)

That's interesting because I thought of asking you about fractional reserves when you were taking requests for topics. Do you disagree with the view that FRB is inherently fraudulent, or do you also think FRB is beneficial to economic growth?

Jeff is probably right that it's not worth getting into a huge discussion here. I think it is possible for there to be FRB in a libertarian society, so some of the stronger claims on this (that it's two property titles to the same thing, etc.) I think are wrong.

But it may very well be true that FRB wouldn't be profitable without gov't measures propping it up.

I think there would probably be 100% reserves with gold as money in the first few years after an-cap hysteria swept the region. It's possible some type of Hayekian private fiat currencies would develop, but even there I doubt they would supplant the general public's view that gold was money.

The anti-FRB position is so obviously full of holes that Jeff prefers it not to be discussed at all. He would do the same thing on the Mises List -- as soon as this discussion would come up, he would stop it, and say, "This issue is to deep to be settled on a mailing list." But discussion was allowed on other issues just as deep.

Game is a life; you know that life is also a game, right? We need aoc gold to play the game. Playing game is an amusement for everyone to play. We can find fun from cheap aoc gold. This is a funny world, different from the past, aoc money is a good way for you to enjoy the life. We can make conan gold in the game. We also can buy age of conan gold